AuthorTopic: Maybe the sky isn't falling (Read 9267 times)

When did Austrian Economics become "cool"? I was an Economics major when it was already 100 years old, and I was so certain that I had never heard of Austrian Economics that I bought a copy of the 1970 edition of Paul Samuelson's Economics for a few bucks on eBay to look it up but and it isn't in the index. The only mention of Menger is that his first name initial and last name is in a footnote list of half a dozen economists from five countries who had alluded to the notion of a General Equilibrium.

When did Austrian Economics become "cool"? I was an Economics major when it was already 100 years old, and I was so certain that I had never heard of Austrian Economics that I bought a copy of the 1970 edition of Paul Samuelson's Economics for a few bucks on eBay to look it up but and it isn't in the index. The only mention of Menger is that his first name initial and last name is in a footnote list of half a dozen economists from five countries who had alluded to the notion of a General Equilibrium.

The Mercatus Center at George Mason University and the CATO Institute I think are the main avenues that the DC crowd has been educated.

Do they want to cut taxes for rich people? Lots of think tanks get lots of money to espouse that "thought".

Are the economists of the Josiah Bartlet Center "Austrians"? I read they get their money from the Koch brothers.

I don't know a lot about it other than having worked for Mercatus and CATO when I lived down there.

I think the left has branded the Koch brothers as evil rich guys. I don't think I buy into that class struggle/envy stuff. Seems kind of hypocritical for the left to be funded by Soros and then to hate Koch. I've made money off both Koch and Soros, indirectly. It's all green.

There was a Simpsons episode where Lisa was dreaming about her having been Joan of Arc, and the dream dialog was spoken in French, with English subtitles, except for the word victory. and she asked, "Why did you say 'victory' in English?" and was told, "Because there is no French word for victory".